[Tara680]

The rich make the rules. Don't want to pay taxes?

Step 1. Set up a legitimate business in the US.

Step 2. Then set up a company in Cyprus and all your payments go to the bank in Cyrpus.

Step 3. The tax rate in Cyprus is 10%, but foreign diplomats do not pay income tax (if you are outside of Cyprus).

Step 4. Your company in the US invoices the company in Cyprus for just the expenses (if you have in $1000 a month in expenses, then that is what the US company invoices for).

Step 5. The rest of the money transfers to a trust in the Netherlands Antilles, which then gets transferred to a trust you have set up in Denmark.

Step 6. The trust in Denmark then pays you (the owner/CEO of the business in the US) in dividends, which are only taxed at only 15%.

Step 7. But wait. The US and Denmark have a special treaty where dividends from Denmark are only taxed at 5%

Step 8. You only pay 5% federal income tax, even if you make $1 billion. You do not pay social security or medicare, or local taxes, and in most cases, state taxes

Step 9. In most cases, you only pay 5% in taxes, no matter how much money you earn.

Step 10. Is this legal. Yes!!!!!!!!! Every dollar is declared. Again, the rich make the rules